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FOX News
Sep 27, 2010 6:00pm EDT
against legislation to stop what is called offshoring. our washington corporate tells us why. >>reporter: high unemployment is a major drag on the pro-specifics for democrats in the next election so they have seized on the issue of outsourcing of job. >> we will take away the incentives the corporations have to take the jobs overseas. but republicans and some democrats argue that the democratic approach only punishes companies for trying to compete overseas. >> this bill could hinder job creation in america and actually send american jobs overseas permanently. having the opposite affect of what it intends. >> the bill does three things to discourage jobs overseas with tax incentives and penalties giving a tax holiday for 24 months if a company fires an overseas worker and hires one here. >> we know temporary tax credit dozen not increase employment. >> it eliminates tax deductions. and, third, companies that close a plants leader and open one overseas could not defer taxes on profits as they now can on any products they sold back to american consumers. some say this has more to do with p
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